Houston, December 4, 2025
New Hope Housing, Inc. has received an $850,000 grant from the Federal Home Loan Bank of Dallas and Comerica Bank to develop NHH Ennis, a new affordable housing community for seniors in Houston’s East Downtown neighborhood. The project aims to provide 112 one- and two-bedroom apartments for low-income seniors, along with access to on-site healthcare, community resources, and supportive social services.
Houston, Texas
Federal Home Loan Bank of Dallas (FHLB Dallas) and Comerica Bank have awarded an $850,000 Affordable Housing Program (AHP) grant to New Hope Housing, Inc. (NHH) to support the development of NHH Ennis, a new affordable housing community for seniors in Houston’s East Downtown (EaDo) neighborhood.
The grant will assist in funding 112 one- and two-bedroom apartments for seniors earning between 30% and 60% of the area median income (AMI). The development offers residents access to healthcare, services, and community resources, along with on-site amenities and supportive social service programs integrated into the rent to promote stability and well-being.
Empowering Houston’s Seniors through Affordable Housing
Houston continues making strides in addressing its housing challenges through innovative partnerships and targeted financial support. With a $850,000 Affordable Housing Program grant, New Hope Housing, Inc. is set to embark on a crucial venture to bolster affordable housing for the elderly population in the vibrant East Downtown (EaDo) neighborhood. Such community-focused initiatives highlight the importance of collaboration among banks, developers, and local governments to cultivate a supportive environment for residents.
FHLB Dallas and Comerica Bank’s investment is a testament to the role that private financing plays in community development. These efforts demonstrate a commitment to enhancing the living conditions for seniors who fall within lower income brackets, an essential step in promoting neighborhood stability while fostering economic opportunities.
Key Features of NHH Ennis Development
- 112 Units: The new community will consist of one- and two-bedroom apartments tailored for seniors.
- Income Eligibility: Targeted to seniors earning between 30% and 60% of the area median income (AMI).
- On-Site Healthcare and Services: Residents will have access to healthcare services and various community resources.
- Amenities: The development will feature on-site amenities that support residents’ well-being.
- Supportive Social Services: Programs integrated into the rent promote stability and encourage longevity for residents.
Community Benefits of Affordable Housing
Affordable housing has proven to be a vital component in community prosperity. Initiatives like NHH Ennis not only provide shelter but also contribute to economic growth by creating jobs and attracting more investment into the area. Furthermore, by ensuring that seniors have stable housing, Houston can enhance the quality of life for its older residents while improving community cohesion.
Through collaboration and investment in facilities that cater to underrepresented population segments, this project stands as a beacon of possibilities. It encapsulates the spirit of entrepreneurship and innovation essential for fostering a robust local economy.
The Role of Private Investment
The collaboration between FHLB Dallas, Comerica Bank, and New Hope Housing showcases the potential of private sector involvement in addressing social issues. By reducing regulatory barriers and encouraging private investments, similar future projects can help Houston bridge housing gaps and serve diverse demographics. This collaborative model has the potential to inspire other cities looking to tackle affordable housing shortages.
Conclusion
The establishment of NHH Ennis exemplifies how strategic investments in affordable housing can uplift communities and support the growing senior population in Houston. As entrepreneurs erect more solutions aimed at overcoming housing challenges, residents will benefit from improved living conditions and accessible health resources. Community engagement and support for local initiatives will ultimately contribute to a thriving Houston economy. Together, we can foster a more inclusive environment that propels economic growth and elevates quality of life for all.
Now is the time to stay engaged in Houston’s economic future and support local businesses that are paving the way for innovation and resilience.
FAQs
What is the NHH Ennis project about?
The NHH Ennis project involves the development of a new affordable housing community for seniors, which will include 112 one- and two-bedroom apartments for seniors earning between 30% and 60% of the area median income.
What types of amenities will be available at NHH Ennis?
The NHH Ennis development will provide access to healthcare, services, community resources, and on-site amenities to encourage stability and well-being for its residents.
Who are the financial backers of the NHH Ennis project?
The project is funded by a $850,000 Affordable Housing Program grant from the Federal Home Loan Bank of Dallas and Comerica Bank.
| Feature | Details |
|---|---|
| Project Name | NHH Ennis |
| Total Funding | $850,000 Grant |
| Number of Apartments | 112 |
| Target Residents | Seniors earning 30%-60% of AMI |
| Location | East Downtown (EaDo), Houston |
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